Tag: Sponge price movement

Limited buying along with dwindling demand has continued to pressurize Indian sponge makers. Today, market again has reported corrections of INR 100-300/MT against the last day closing. Major fall is witnessed in Raipur and Bellary on account of lesser buyers than sellers. Current offers for 78-80 FeM C-DRI are hovering in the range of INR 11,250-11,800/MT and P-DRI…